Short Sale Your Home
Are you facing foreclosure? It's not too late to get help! A Short Sale of your home could save your credit and your future.
What is a Short Sale?
By legal definition, a Short Sale is the sale of a house in which the proceeds fall short of what the owner still owes on the mortgage.
A Short Sale, therefore, is the process by which a lender is convinced to reduce the amount of an outstanding loan against a property so that the borrower is able to sell the property at a lower price. In other words, it means that if you owe more on a property than it is worth, you can have the bank agree to accept less money than they are owed so that a buyer can be found and the property sold!
Through the use of Short Sales, thousands of property owners have avoided foreclosure and bankruptcy. A Short Sale is a solution for you if you can no longer afford to make the required payments to stay in your home and want to lessen the blow to your credit by avoiding bankruptcy or foreclosure.
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